Turnover stagnates and results decline at Forte

07.08.2017 −

Following the slightly downward trend at the be-ginning of the year, the Polish Fabryki Mebli Forte showed consolidated turnover in the second quarter of 2017 at an unchanged level year on year. In contrast, the EBIT showed year-on-year decline of more than one third. According to an ad hoc notice, turnover increased by 0.9% to roughly PLN243m, while the EBIT fell by 37.3% to PLN17.3m.

In the first quarter of 2017, consolidated turnover at Forte declined slightly for the first time since the third quarter of 2012, and was down year on year by 2.2% to PLN293.7m, while the EBIT decreased by 6.7% to PLN40.4m. Provisional figures for the first six months show revenue decline of 0.8% to PLN536m and a reduction in EBIT of 18.6% to PLN57.7m.